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20121101
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Search Results 0 to 9 of about 10 (some duplicates have been removed)
election day, president obama and mitt romney look for every last vote in the battleground states. we'll tell you their last-minute strategies. >>> and jackpot. what to do with 20 million bucks in lottery winnings you didn't know you had. >> it's getting crazier. and i can't stop crying. >> wait until you see her reaction when she realized she was sitting on a fortune. >>> good morning, everybody. so great to be back with you and with the entire team here after what has been a very, very long week. here we are, five days post-sandy. and federal relief is finally arriving for the people of staten island. i was out there this week. and the damage is astonishing. biblical, really. two images i'll never forget. a jacuzzi in the trees. look at that. and i met a guy whose house was picked up and moved across the street. you're going to see it when the camera turns here. his house was there. and now, it's there. >> parts of the city really look like a war zone this week. >>> also, look at this. these are food lines in manhattan. hundreds of new yorkers, waiting for something to eat. for many
points. martha, thank you very much. >>> that question to president obama about ambassador rice came from jonathan karl, who joined in on the press conference. and joins us now with more. questions on all of the big issues. but much of the focus on that looming fiscal cliff january 1st. >> reporter: that's right, george. the president will meet with congressional leaders tomorrow. he used that press conference to lay out very bright lines on where he stands on taxes and the fiscal cliff. holding his first news conference since winning re-election, the president took a hard line on his bottom line. there will be no budget deal without raising taxes on the wealthy. >> when it comes to the top 2%, what i'm not going to do is to extend further a tax cut for folks who don't need it, which would cost close to $1 trillion. >> reporter: in his previous efforts to strike a so-called grand bargain with speaker of the house john boehner, the president proposed $800 billion in new tax revenues. but now, he is seeking twice that. $1.6 trillion in new taxes over the next ten years. that's a bitter pill
details this morning about how president obama is hoping to avoid the so-called fiscal cliff looming at year's end when massive spending cuts kick in and tax cuts expire. before he sits down with congressional leaders this friday the president has invited union leaders and corporate executives to the white house to get their takes on a possible compromise. republicans say higher tax rates are not an option. >>> meantime, a new concern for the financial markets, japan's economy, the world's third largest, shrank some 3.5% last quarter. a sign that japan may now already be in recession. >>> and finally, a major embarrassment for britain's iconic beefeaters. those guards that stand guard in london. the somehow, the thief managed to scale the walls here and steal the keys to the tower, including a key that unlocks the drawbridges. guards reportedly saw the burglar but couldn't leave their positions to chase him. they radioed a night watchman but got no response. we're told the queen's jewels, inside the tower, were never at risk. that is a look at the headlines this morning. for more, le
. president obama has his first face-to-face meeting with congressional leaders over the fiscal cliff set to hit january 1st. let's go to abc's jonathan karl for more on that. >> reporter: there's not much time left. as one senior white house official told me, this has to be a real start to this meeting. there's no time for photo opes or show meetings. i'm told the president is going to kick things off with a public statement, reiterating his firm position that tax rates on the wealthiest 2% must go up. he will not waiver on that, even as he wants to cut taxes or extend tax cuts for everybody else. that would appear to put him on a collision course with republicans who said raising tax rates on anybody is unacceptable. so, george, potential collision course. but i've got to tell you, both sides are saying they believe something can and must be worked out. >> but to be clear, working things out, the bottom line is wealthier are going to pay more one way or the other. >> reporter: that's absolutely the case. even republicans at this point concede that the wealthy has to pay more taxes. they
Search Results 0 to 9 of about 10 (some duplicates have been removed)